Stevens Capital Management LP Makes New Investment in S&P Global Inc. $SPGI

Stevens Capital Management LP purchased a new stake in S&P Global Inc. (NYSE:SPGI) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 8,052 shares of the business services provider’s stock, valued at approximately $3,919,000.

Other institutional investors have also recently modified their holdings of the company. MTM Investment Management LLC purchased a new stake in shares of S&P Global during the 2nd quarter worth $27,000. J.Safra Asset Management Corp purchased a new stake in S&P Global during the third quarter worth about $29,000. Spurstone Advisory Services LLC acquired a new position in S&P Global during the second quarter worth about $34,000. Howard Hughes Medical Institute purchased a new position in S&P Global in the second quarter valued at about $36,000. Finally, First Pacific Financial increased its holdings in S&P Global by 51.0% in the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after buying an additional 25 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. The Goldman Sachs Group set a $498.00 target price on S&P Global in a research report on Wednesday, February 11th. UBS Group decreased their price objective on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a research report on Tuesday. BMO Capital Markets lowered their price objective on shares of S&P Global from $601.00 to $482.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Morgan Stanley lifted their target price on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Finally, Mizuho lowered their price target on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the stock. According to MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and a consensus price target of $566.33.

S&P Global Stock Performance

Shares of SPGI stock opened at $417.28 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $124.68 billion, a price-to-earnings ratio of 28.48, a price-to-earnings-growth ratio of 1.85 and a beta of 1.20. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. The company has a 50 day moving average price of $499.41 and a 200 day moving average price of $506.92.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.02). The company had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $0.97 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, February 25th. S&P Global’s payout ratio is presently 26.48%.

S&P Global Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.